Shares of Iren (NASDAQ: IREN) jumped more than 11% on Monday after the rapidly expanding artificial intelligence (AI) infrastructure provider announced a $9.7 billion cloud contract with .
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Iren will supply Microsoft with access to Nvidia's cutting-edge GB300 graphic processing units (GPUs) as part of a five-year cloud computing agreement. Iren intends to purchase the highly sought-after AI accelerators and related equipment from Dell Technologies for roughly $5.8 billion.
Source Fool.com